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The problem with the "rising cost of living is temporal" argument is that it overlooks the development in cash supply, stated Willem Middlekoop, creator of Product Exploration Fund.
Middlekoop spoke with Kitco on Friday at the Deutsche Goldmesse program in Frankfurt, Germany.
The Biden management as well as Fed authorities have specified that inflationary stress are temporal based on suppressed demand, supply chain traffic jams as well as labor shortages
" No one's discussing the 800 pound gorilla in the area which's money development as well as money reduction. Nearly 25% of all bucks in M2 circulation– that's deposit and physical money– grew by virtually 25% in the last 18 months," claimed Middlekoop.
" It's a typical response. Everything the federal government can not print will increase in worth."
0:38 Rising cost of living is driving up the price of gold, real properties
3:16 Just how to safeguard on your own from rising cost of living
4:40 Why the silver cost could go higher
6:15 China jitters and feasible effects on the global economic situation
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'Nobody's mentioning the 800-pound gorilla in the room' - Willem Middlekoop on inflation naysayers
The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund.
Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.
https://www.kitco.com/commentaries/2021-10-25/Inflationary-pressures-is-persistent-the-new-transitory.html
The Biden administration and Fed officials have stated that inflationary pressures are transitory based on pent-up demand, supply chain bottlenecks and labor shortages
"Nobody's mentioning the 800 pound gorilla in the room and that's money growth and currency debasement. Almost 25% of all dollars in M2 circulation--that's deposit and physical money--grew by almost 25% in the last 18 months," said Middlekoop.
"It's a normal reaction. Everything the government can't print will go up in value."
0:38 Inflation is driving up the price of gold, real assets
3:16 How to protect yourself from inflation
4:40 Why the silver price could go higher
6:15 China jitters and possible effects on the global economy
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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